Craft Brew Alliance, Inc. (BREW) Scheduled to Post Quarterly Earnings on Tuesday
Craft Brew Alliance, Inc. (NASDAQ:BREW) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 31st.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The firm had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $58.54 million. During the same period last year, the company earned $0.12 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts expect Craft Brew Alliance to post $0.09 EPS for the current fiscal year and $0.14 EPS for the next fiscal year.
Shares of Craft Brew Alliance, Inc. (NASDAQ BREW) opened at 18.30 on Tuesday. The stock has a 50 day moving average of $17.79 and a 200 day moving average of $16.89. The stock has a market cap of $353.06 million, a PE ratio of 677.78 and a beta of 0.51. Craft Brew Alliance, Inc. has a 1-year low of $12.00 and a 1-year high of $19.40.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Cowen and Company restated an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Craft Brew Alliance in a report on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.00.
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In related news, CEO Andrew J. Thomas sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $18.14, for a total value of $72,560.00. Following the completion of the sale, the chief executive officer now directly owns 7,834 shares in the company, valued at $142,108.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.
About Craft Brew Alliance
Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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